Personal Income Tax Rates and Thresholds

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Here are some tables setting out the current rates for 2022/23 and 2023/24 and also what that means in terms of tax payable. As non-residents and working holiday makers are taxed differently, we've also included tables showing the tax rates for foreign residents and for working holiday makers.

Personal income tax rates and thresholds

Australian Residents

    2022/23 and 2023/24
  Threshold Rate
1st Rate $0-$18,200 0%
2nd Rate $18,201-$45,000 19%
3rd Rate $45,001-$120,000 32.5%
4th Rate $120,001-$180,000 37%
5th Rate $180,001 45%
With Medicare levy included, the top marginal rate is 47%.


Tax rates and thresholds summarised

The tax rates for 2022/23 and 2023/24 (excluding the 2% Medicare levy) are as follows:

2022/23 and 2023/24 income year
Taxable income ($) Tax Payable ($)
0-18,200 Nil
18,201-45,000 Nil + 19% of excess over 18,200
45,001-120,000 5,092 + 32.5% of excess over 45,000
120,001-180,000 29,467 + 37% of excess over 120,000
180,001+ 51,667 + 45% of excess over $180,000

Non-residents (foreign residents)

Taxpayers who are not Australian residents are taxed at different rates.
The current rates for non-residents for 2022/23 and 2023/24 are:

2022/23 and 2023/24 income year
Taxable income ($) Tax Payable ($)
0-120,000 32.5%
120,001-180,000 39,000 + 37% of excess over 120,000
180,001+ 61,200 + 45% of excess over $180,000

Working Holiday Makers

Taxpayers who are on a Working Holiday Maker Visa are taxed at special rates. The current rates for working holiday makers for 2022/23 and 2023/24 are:

2022/23 and 2023/24 income year
Taxable income ($) Tax Payable ($)
$0 -$45,000 15%
$45,000-$120,000 $6,750 + 32.5% of excess over $45,000
$120.001 - $180,000 $31,125 + 37% of excess over $120,000
$180,001 and over $53,325 + 45% of excess over $180,000

These rates apply to all working holiday makers (both resident and foreign residents) other than those from countries with a non-discrimination clause in their doubletax agreement with Australia, such as Chile, Finland, Germany, Israel, Japan, Norway, Turkey and the United Kingdom.

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